Ceragon Wins $8M Expansion Orders from a Leading Latin America Operator
The Operator will utilize Ceragon's solutions to further expand 3G coverage
and network capacity in the Southern Cone Region of Latin America
PARAMUS, New Jersey, April 24, 2013
PARAMUS, New Jersey, April 24, 2013 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist,
today announced that a leading mobile operator in the Southern Cone region of
Latin America has placed new orders for Ceragon products and services valued
at more than $8 million. This network upgrade project, which has been ongoing
since early 2012, is based on Ceragon's leading short haul and long haul
solutions and will enable a range of 3G and future 4G services to millions of
users across the Southern Cone. The project is expected to be completed by Q3
Capacity expansion is a key factor in this network upgrade project, as Latin
America continues to experience a growing demand for broadband services.
Utilizing Ceragon's FibeAir IP-10 and Evolution Long Haul solutions will help
connect new 3G sites while expanding the capacity of the network's backbone.
"The expanded order for products and services from a premier operator is
further validation of the vision we have for the Latin America region," said
Ira Palti, President & CEO of Ceragon Networks. "Increased backhaul density
helps our customers deliver connectivity to tens of millions of users,
sometimes in areas with no other options for broadband connectivity. Building
on this established relationship, Ceragon continues to deepen its presence in
the Southern Cone region of Latin America."
According to the GSMA, mobile broadband connections in Latin America are
forecast to top 150 million in early 2013, accounting for about one in five of
the region's mobile subscriptions. Growth in smartphones and data has been
achieved despite (in global terms) a relatively late migration to 4G-LTE. In
the Southern Cone, Uruguay and Paraguay are the only countries to have started
LTE migration. GSMA predicts that Argentina and Chile will be big growth areas
in 2013 as LTE initiatives are launched.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless backhaul specialist.
We provide innovative, flexible and cost-effective wireless backhaul solutions
that enable mobile operators and other wired/wireless service providers to
deliver 2G/3G, 4G/LTE and other broadband services to their subscribers.
Ceragon's high-capacity, solutions use microwave technology to transfer voice
and data traffic while maximizing bandwidth efficiency, to deliver more
capacity over longer distances under any deployment scenario. Based on our
extensive global experience, Ceragon delivers turnkey solutions that support
service provider profitability at every stage of the network lifecycle
enabling faster time to revenue, cost-effective operation and simple migration
to all-IP networks. As the demand for data pushes the need for
ever-increasing capacity, Ceragon is committed to serve the market with
unmatched technology and innovation, ensuring effective solutions for the
evolving needs of the marketplace. Our solutions are deployed by more than 430
service providers in over 130 countries.
Ceragon Networks® and FibeAir® are trademarks of Ceragon Networks Ltd.,
registered in the United States and other countries. CERAGON ® is a trademark
of Ceragon Networks Ltd., registered in various countries. Other names
mentioned in this publication are owned by their respective holders.
This press release may contain statements concerning Ceragon's future
prospects that are "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. These statements are based on current
expectations and projections that involve a number of risks and uncertainties.
There can be no assurance that future results will be achieved, and actual
results could differ materially from forecasts and estimates. These are
important factors that could cause actual results to differ materially from
forecasts and estimates. Some of the factors that could significantly impact
the forward-looking statements in this press release include the risk of
significant expenses in connection with potential contingent tax liability
associated with Nera's prior operations or facilities, risks associated with
increased working capital needs, and other risks and uncertainties, which are
discussed in greater detail in Ceragon's Annual Report on Form 20-F and
Ceragon's other filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date on which they are made
and Ceragon undertakes no commitment to revise or update any forward-looking
statement in order to reflect events or circumstances after the date any such
statement is made. Ceragon's public filings are available from the Securities
and Exchange Commission's website athttp://www.sec.govor may be obtained on
Ceragon's website athttp://www.ceragon.com
Company & Investor Contact:
Ceragon Networks Ltd.
Ceragon Networks Ltd.
Tel. +1-(508)-475-0025 x150
SOURCE Ceragon Networks Ltd
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